exploration

Rising Wedge Strategy AUD/USD 342 pip move

FX:AUDUSD   Australian Dollar/U.S. Dollar
478 6 1
Setup : Sell when price breaks from the bottom of the rising wedge. 342 pip move.. This is big fish story.
My calculation low of the rising wedge 1.0148 minus High of the rising wedge-1.0490 1.0148-1.0490= 342 pips profit target

Video tips on trading rising wedges how to place profit target and stop loss http://www.informedtrades.com/3355-falling-rising-wedge-trading-strategies.html

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exploration
4 years ago
Price action is getting closer to a break out AUD/USD rising wedge,..this one is going to be big:)
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exploration
4 years ago
Good break out from bottom of the wedge +70 pips
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exploration
4 years ago
Price is driven by a price wedge..price gets stuck in a wedge until there is a break out or until exchanges are done
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exploration
3 years ago
Price retested this wedge and went close to stop out but no stop out ..still watching price action
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exploration
3 years ago
The rising wedge is still rising in a slow way
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exploration
3 years ago
Price action is moving slow and is flushing the stop outs..price is at a resistance all the wedge break outs ...hind sight: i moved my stop out to higher ground instead of a stop out in this case because of resistance that hit on the weekly charts ..resistance is 1.0516 area.. support is 0.9380 i took on some heavy draw down to still try to reach a profit target. The way it is some times..
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